Dreyfus International Correlations

Mutual Funds . USA . 
Fund . Dreyfus International Stock
DIISX Fund  USD 22.67  0.16  0.71%   
The current 90-days correlation between Dreyfus International and Dreyfus Smallcap Stock is 0.61 (i.e., Poor diversification). The correlation of Dreyfus International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Dreyfus International Correlation With Market

Very weak diversification

The correlation between Dreyfus International Stock and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus International Stock and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus International Stock. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Dreyfus Mutual Fund

  0.98DIECX Dreyfus InternationalPairCorr
  0.68DIEAX Dreyfus InternationalPairCorr
  0.93DISSX Dreyfus Smallcap StockPairCorr
  0.93DISIX Dreyfus Smallcap StockPairCorr
  0.65DISCX International StockPairCorr
  0.95DISAX International StockPairCorr
  0.73DITEX Dreyfus IntermediatePairCorr
  0.95PGRCX Dreyfus Worldwide GrowthPairCorr
  0.92DLDCX Dreyfus Natural ResourcesPairCorr
  0.9DMBAX Dreyfus Short IntermPairCorr
  0.97DMCVX Dreyfus OpportunisticPairCorr
  0.94DNLCX Dreyfus Active MidcapPairCorr
  0.91DNLAX Dreyfus Natural ResourcesPairCorr
  0.91BYSYX Bny Mellon ShortPairCorr
  0.92BYSIX Bny Mellon ShortPairCorr
  0.91BYSAX Bny Mellon ShortPairCorr
  0.92AVGCX Dynamic Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dreyfus International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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